TIL Desk/Business/New Delhi/ Lutyens’ Delhi’s 52-year-old luxury hotel, The Oberoi, is ready to welcome guests with a promise of ‘the cleanest air in the city’ after a full renovation lasted seven quarters. The company has started taking bookings for stays from January 1. The hotel, however, will welcome fewer guests than before as the number of rooms is down to around 220 from 283.
BSE-listed EIH, which owns and operates the Oberoi chain of luxury hotels, is estimated to have spent approximately Rs 600 crore on the massive renovation.The company had originally envisaged an opening date of April 1, but managed to complete the work three months earlier.
The property is critical to the company’s revenue and profits. It contributed Rs 187 crore or 14 per cent of EIH’s annual revenue of Rs 1,341 crore in FY15. The company did not respond to queries. The tariff (excluding taxes) begins at Rs 18,000 per night and goes up to Rs 26,000 for premium plus room.
The suite begins at Rs 35,000 per night with a 1,400 sq ft deluxe suite priced at Rs 150,000. The luxury suite spread over 1,800 sq ft costs Rs 200,000 a night, while the 3,600 sq ft Kohinoor Presidential suite comes at Rs 900,000 per night.
